iShares International Developed Real Estate ETF (NASDAQ:IFGL) Sees Large Decline in Short Interest

iShares International Developed Real Estate ETF (NASDAQ:IFGL) was the recipient of a significant drop in short interest in the month of February. As of February 28th, there was short interest totalling 10,600 shares, a drop of 50.9% from the February 13th total of 21,600 shares. Approximately 0.2% of the shares of the company are sold short. Based on an average daily trading volume, of 31,600 shares, the short-interest ratio is currently 0.3 days.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. JPMorgan Chase & Co. grew its stake in shares of iShares International Developed Real Estate ETF by 960.1% in the third quarter. JPMorgan Chase & Co. now owns 5,576 shares of the company’s stock worth $127,000 after purchasing an additional 5,050 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in shares of iShares International Developed Real Estate ETF in the fourth quarter worth $248,000. Ariadne Wealth Management LP grew its stake in shares of iShares International Developed Real Estate ETF by 12.9% in the fourth quarter. Ariadne Wealth Management LP now owns 14,720 shares of the company’s stock worth $293,000 after purchasing an additional 1,680 shares in the last quarter. Family Firm Inc. grew its stake in shares of iShares International Developed Real Estate ETF by 2.2% in the fourth quarter. Family Firm Inc. now owns 148,414 shares of the company’s stock worth $2,864,000 after purchasing an additional 3,237 shares in the last quarter. Finally, Heartland Bank & Trust Co bought a new position in shares of iShares International Developed Real Estate ETF in the fourth quarter worth $3,282,000.

iShares International Developed Real Estate ETF Stock Up 1.4 %

NASDAQ IFGL traded up $0.28 during trading hours on Friday, hitting $19.97. The company had a trading volume of 11,213 shares, compared to its average volume of 18,549. iShares International Developed Real Estate ETF has a fifty-two week low of $18.63 and a fifty-two week high of $23.18. The business has a fifty day simple moving average of $19.67 and a 200-day simple moving average of $20.61. The firm has a market cap of $89.84 million, a P/E ratio of 18.41 and a beta of 0.83.

iShares International Developed Real Estate ETF Increases Dividend

The business also recently announced a dividend, which was paid on Friday, December 20th. Shareholders of record on Tuesday, December 17th were given a $0.2122 dividend. The ex-dividend date was Tuesday, December 17th. This is a positive change from iShares International Developed Real Estate ETF’s previous dividend of $0.21.

About iShares International Developed Real Estate ETF

The iShares International Developed Real Estate ETF (IFGL) is an exchange-traded fund that is based on the FTSE EPRA Nareit Developed x US index, a market-cap-weighted index of companies that own or develop real estate throughout the developed world, excluding the United States. IFGL was launched on Nov 12, 2007 and is managed by BlackRock.